When diving into the entrepreneurial world, deciding which state should you pick to create your LLC (Limited Liability Company) is crucial. Many believe forming an LLC in states without personal income tax, like Wyoming or Nevada, provides a way out of taxes. This article will debunk such myths, highlight considerations, and guide you to make…
Why Your LLC Needs An Operating Agreement? Because, failing to have an operating agreement for your limited liability company (“LLC”) is a major mistake that can have serious consequences for you personally and your business. It’s not just a piece of paperwork, it’s a key legal document that outlines the rules and regulations of…
New 2023 ATF Pistol Brace Rule. The Department of Justice (DOJ) submitted its 2023 ATF Pistol Brace Rule “Final Rule” on pistol stabilizing braces to the Federal Register on January 13, 2023. Many are concerned that this new rule could turn millions of previously legally owned firearms into National Firearms Act (NFA) regulated short–barreled rifles (SBRs), and the people that possess those firearms into felons.…
Tax credits for breweries, is this a real thing? Yes it is! The South Carolina High Growth Small Business Job Creation Act, also known as the Angel Investor Act (the “Act”), provides tax credits to angel investors who make qualified investments in qualified businesses. The intent behind passage of the Act was to encourage investment…
Planning to offer drink specials? Here’s what you need to know. Drink specials are a great way to bring extra business to your establishment. Remember in South Carolina there are regulations governing the discount pricing of alcohol. You can find individual regulations from the South Carolina Department of Revenue ABL Division Here. Check out these…
WHAT IS A GUN TRUST? A Gun Trust is the generic term for an irrevocable or revocable trust that takes title to firearms. “Gun Trusts” are sometimes known as NFA Firearms Trusts, Firearms Trusts, or Firearms Revocable Trusts. Any legally owned firearm can be placed under a gun trust. But, these trusts are particularly applicable to weapons…
Is Shift Beer a Liability? Anyone who has worked in a brewery or knows people that do is familiar with the industry norm that free beer for employees is a perk. Is there liability with shift beer? The attached article and link gives a little food for thought, or should we say craft beer for thought, when considering the…
Social Media. Everyone is doing it, BUT are you exposed to claims?!? What you don’t consider when engaging in social media on behalf of your company can create legal issues and expose your company to claims. Claims can range from slander to intellectual property infringement. Literally your errors and those of your employees can be exposed to…
Why incorporating your business is a smart idea (don’t forget to click on the links to read more detailed articles): Protecting Your Personal Assets: The debts of a corporation or limited liability company belong to the entity, and not to you personally (unless you personally guaranteed those debts). Incorporating your business will typically protect your personal assets…
Trademarks, trade secrets, copyrights, and patents are all common types of intellectual property. Intellectual property or IP refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. The business world is highly competitive, and it pays to stake claim to and protect your IP. This is ESPECIALLY…
Do you know what the labels on your alcoholic beverages mean? If you don’t it can definitely cost you!! There are many open litigation suits regarding false advertising claims on some of you favorite alcoholic beverages. You mean Red Stripe, the official beer of Jamaica, is actually brewed in Pennsylvania…Wait What?!? “Handmade”, “Craft”, and “Imported”…
LINK: Time To Revisit Your Estate Plan? Is it Time to revisit your estate plan? As we all know, life is full of changes and many of them require sound estate planning to make sure your loved ones are properly provided for. There are births and deaths and accidents that necessitate thoughtful and proper estate planning. A…
